The Latest Breaking News from Inflation

Ministers looking at plan for state-backed deficit fund to pay for energy bill price freeze

JAKARTA: Indonesia's central bank raised its benchmark interest rate for the first time since 2018 on Tuesday, stepping up monetary tightening to fight rising inflation.

SINGAPORE: Singapore's key consumer price gauge in July rose again at its fastest pace in more than 13 years, official data showed on Tuesday, mounting pressure on the central bank to consider another policy tightening move later this year.

Last week’s enactment of the 2022 budget-reconciliation bill, also known as the Inflation Reduction Act, is being treated by many analysts as a major turning point in Joe Biden’s presidency. As recently as last month, when it looked like Congress might not pass reconciliation legislation this year, conventional wisdom in…

A windfall of foreign funds arriving in Turkey and sustained interest in a state-backed deposit scheme have brought some relief for President Tayyip Erdogan's economic plan less than a year before tight elections. Erdogan's program stressing monetary stimulus, exports and economic growth sent inflation soaring when the central bank slashed…

Asian shares are mostly lower, echoing a broad sell-off on Wall Street amid speculation about another interest rate raise from the U.S. Federal Reserve

Asian markets fell again Tuesday and the dollar held gains as traders grow increasingly worried that the Federal Reserve will continue to ramp up interest rates to fight inflation. With the Jackson Hole symposium of central bankers and finance chiefs taking place this week, the focus is on what Fed…

If Prime Minister Anthony Albanese really wants to boost wage growth, there’s a simple way to do it.

With a deadline looming in less than two weeks for President Biden to decide what to do about student debt, it shouldn't be surprising that conservatives have been agitating with increasing intensity against relief for the borrowers.

The Australian share market has wiped out all of its gains for the month, on growing fears that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession.

While the cruise shipping industry has been able to stage a post-pandemic recovery, many industry participants are yet to return to profitability. With inflation, rising interest rates, fears of recession, and unenviable unit economics, cruise shipping companies are struggling to keep themselves afloat. So, let’s take a closer look at…